BoE warns markets may be underplaying risks to global economy

Bank of England suggests disconnect between investors' attitudes and uncertainty

The Bank of England has warned the value of shares and other assets could fall sharply if financial markets are underestimating the risks of a fresh crisis.

Dave Ramsden, the Bank's deputy governor responsible for banks and markets, said there was a disconnect between heightened levels of global policy uncertainty and the relatively relaxed attitude of investors.